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Rezoning New York's Waterfront

Thursday June 2005


Regina Armstrong Principal, Urbanomics

Discussants: Steven Spinola, President, Real Estate Board of New York; Kathryn Wylde, President & CEO, The Partnership for New York City; Adam Friedman, Executive Director, New York Industrial Retention Network

New York City’s industrial jobs have been declining since World War II. Today, that decline is accelerating – even though the city has set aside over 22,500 acres for industrial use. Much of this acreage is on the waterfront and would be prime residential land were residential development not forbidden by zoning.

A Manhattan Institute report being released today evaluates under utilized manufacturing zones in New York City’s five boroughs and illustrates the potential for housing development through rezoning. Our discussants will react to the report’s findings and express their views on what the city should do with waterfront manufacturing properties.